PSO: Bearish Trend ShiftPSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
PSX
PAEL - 1h - Ascending Triangle - Long PositionIn this chart we have observed a Ascending Triangle formation we lead towards a upwards breakout. we have place three entry points if you forget to take an entry.
TP = 24.22
Entry = 22.55 , 23 , 23.20
SL = 22.38
PSO - 1H - Bullish flag - PSXIn this chart we have observe a Bullish flag on a 1 hour time frame. and we placed entry, tp & sl points accordingly. No Divergence spotted
SEARLE - 1H - Bullish Flag - PSXIn this chart we have observed a Bullish flag formation on one hour time frame and we place entry, SL & TP accordingly. No Divergence spotted.
EMCO - Breakaway Bullish CandleEMCO after making support on the trend line, stock resumes the uptrend towards 45.00. However, the immediate support stands around the 31.00 level. Buy with risk defined below 31.00, initially targeting 42 - 45 levels.
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
PIBTL - FALLING WEDGE IN AN UPTRENDPIBTL - Currently trading in a falling wedge, likely to test the BO point @ 6.50. On a break above the price could extend gains towards 8.00 - 9.20 levels.
Buy with risk defined below 5.66 levels.
PSO FALLING WEDGE (BULLISH CONTINUATION)PSO - Trading in a post-breakout continuation. watch out the rectangle BO zone.
Targeting: 200+
PAEL - TRIANGLE FORMATION (BULLISH)PAEL trading in a triangle pattern, watchout the breakout zone of a triangle.
Targeting: 27 - 31 - 33 - 38 - 40
SL: 21.50
PRL (PSX) Hints at Potential Bullish ShiftThe PRL (PSX) chart exhibits a promising sign of a trend reversal from bearish to bullish. This indication stems from the price action breaching the prior swing high, a resistance level that previously capped upward price movements.
DGKC DG KHAN CEMENT price was reacting well the support and resistance
and formed a bullish div , If the market successfully sustain this bullish confluence the next leg high could go for new HH.
NFA
DYOR
HUMNL Showing down trend - ContinueHUMNL worked as I analyzed, overall whole PSX shows slightly in correction mode, but in reality it's just trap to attract small fishes before Year END.
Tomorrow we will see slightly selling in HUMNL as all indicators are over buy which means selling is coming.
Swing trade can be taken from 6.5 or below
Don't take any trade above 6.5, it can fall up to 6
Do average out of current trades
PSX | InformativeNYSE:PSX
Overall Trend: The stock has been following an upward trend, as evident from the upward-sloping blue trendline. This suggests bullish momentum.
Candlesticks:
We see a mix of bullish and bearish candles, but the bullish candles are larger in body, suggesting stronger buying pressure.
The large blue candlestick in the recent period might indicate strong buying interest.
Moving Averages:
The stock is trading above both the short-term and long-term moving averages, which is a bullish indicator.
The moving averages are also in an upward trajectory, further affirming the bullish momentum.
Support and Resistance:
Bullish Line (Resistance turned Support): The stock has broken above the "Bullish Line" at 116.77 USD, turning it into a potential support.
Bearish Line (Resistance): At 115.23 USD, if the stock moves downwards, this could be a resistance point to watch.
Price Targets:
Target Price 1: 113.80 USD - If there's a pullback, this could be a potential lower target.
Target Price 2: 111.56 USD - A further downward target if the stock faces more selling pressure.
Target Price 1: 118.50 USD - An upward target if the bullish momentum continues.
Target Price 2: 119.78 USD - A higher potential target with continued bullish activity.
Volume:
A significant spike in volume accompanies the large bullish candlestick, suggesting strong buying interest.
RSI (Relative Strength Index): The RSI is hovering around the middle range. It's not in the overbought or oversold territories, suggesting that there's room for the stock to move in either direction.
Summary:
The stock shows signs of bullish momentum, with strong buying interest evident from the recent large bullish candlestick and the upward trend. The break above the Bullish Line is a positive sign. However, it's essential to watch for potential pullbacks towards the bearish line and monitor the stock's movement in conjunction with real-world news or financial data related to Philips 66.
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level
TOMCL Technical Analysis Overview:
TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels.
Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level.
Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support.
Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60.
Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory.
In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
ATRL Bullish Flag Breakout ContinuationATRL Bullish Flag Breakout Continuation
ATRL - BULLISH FLAG BREAKOUT CONTINUATION TARGETING 275/-
HUBC tumbled over 9.7% after a bearish pattern recognitionHUBC tumbled over 9.7% after a bearish pattern and death cross recognition.
Looks like Bouncing off from the support LINE and RSI as well. A short-term pullback can't be ruled out. Might retest to 80.60 - 82.00 levels.
HUBC a short-term pullback cant be ruled out
KAPCO Hourly - BEARISH CHANNEL PULLBACKKAPCO has tested the bottom channel support at 23.52 and the price has closed below the lower Bollinger Band, suggesting a potential short-term pullback. It appears that KAPCO is currently experiencing a downturn in price. Traders and investors should closely monitor the price action and consider adjusting their strategies accordingly.
HBL - Bullish Flag HBL - Correction looks completed and the stock is anticipated to resume the uptrend. The breach beyond 102 will confirm the resumption of the uptrend. The predicted target lies within the 106 - 108 range, while the protective sell stop should be placed below 95.
AIRLINK - Golden Cross AIRLINK - GoldenCross Spotted
The bullish trend may continue in days ahead, targeting 29 -30 initially.
NATF- Long Trade
Runaway gap in the start of rally
Target on weekly : Fill Earning gap at 140s
32M shares were created by selloff
Liquidity absorption is in process- Float will be eaten soon
I expect a reverse split of NATF to face value 10 once this is done.
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index
BIPL Golden Cross Generating a bigger move on ChartsBIPL - Generating a bigger move on Charts!
▪️ Golden Cross spotted which indicates a long trend in days ahead.
▪️ Indicators are Bullish.
Immediate Support @ 16.50
▪️ Targeting: 19.86 - 20.80 - 22.00
NETSOL - initial target of 10% upside
After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish stance on the IT sector and have identified NETSOL and TRG as top picks.
Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets.
Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.
